§39-4  Details of bonds.  (a)  All bondsissued pursuant to this part shall bear interest at such rate or rates, payableat such time or times as determined in accordance with this part; shall matureand be payable at such time or times from the date of the issue thereof as willcomply with the provisions of the Constitution of the State; may be madepayable as to both principal and interest at a place or places within orwithout the State; may be issued in coupon form without privilege ofregistration or registrable as to principal only or as to both principal andinterest or in fully registrable form without coupons; may be made registrableat a place or places within or without the State; may be subject to redemption,to tenders for purchase or to purchase prior to their stated maturity at theoption of the State, or the holder, or both.

(b)  The director of finance shall determinethe date, denomination or denominations, interest payment dates, maturity dateor dates, place or places and manner of payment, registration privileges andplace or places of registration, redemption price or prices and time or timesand terms and conditions and method of redemption, the right of the holder totender for purchase and the price or prices and time or times and terms andconditions upon which the right might be exercised, the right to purchase andthe price or prices and the time or times and terms and conditions upon whichthe right may be exercised and the purchase may be made, and all other detailsof bonds issued under this part.

The principal of and interest and premium, ifany, on all bonds issued under this part shall be payable in any coin orcurrency of the United States of America, which at the time of payment is legaltender for public and private debts. [L 1988, c 28, pt of §3; am L 1989, c 15,§2]